Uber Wins Battle Against NYC

A proposed cap on Uber and other for-hire vehicles in New York City has been put on ice after the $40 billion start-up agreed to "not flood the streets" until questions about the impact of its growth on traffic can be determined. A bill to limit Uber and other for-hire taxis had been slated to go to a vote before the New York City Council on Thursday. The cap was to limit Uber and other for-hire vehicles until city officials could study their impact on the city's already clogged streets. In March, the NYC Taxi and Limousine Commission (TLC) reported that the number of Uber cars in NYC had outpaced yellow taxis for the first time. At the time, there were There are 14,088 cars, including luxury SUVs, affiliated with Uber in the city's five boroughs, compared with 13,587 yellow cabs, TLC said. That raised concerns about congestion, pollution and street parking.